‘1MDB bosses duped board in diabolical scheme’


KUALA LUMPUR: The 1Malaysia Development Bhd (1MDB) management misled the company’s board of directors into believing that “money was coming back” to the sovereign wealth fund, the High Court heard.

Former 1MDB non-executive director Tan Sri Ismee Ismail agreed to suggestions by lead counsel Tan Sri Muhammad Shafee Abdullah that the management had executed “the most cunning, most devious, most diabolical” scheme in stealing millions of dollars from the sovereign fund.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Country's top real estate professionals honoured at StarProperty Awards
Indonesia's Mount Lewotobi volcano eruption: 124 Malaysians report presence in Labuan Bajo
Lorry ploughs into goldsmiths shop in Camerons
More than 20% tax on those earning above RM100,000, says Amir Hamzah
Penang police detain driver for causing fatal accident with toppled container
Malaysians can now use Taiwan’s e-Gate for immigration clearance
Mitra approves almost RM100mil for Indian community empowerment, says Ramanan
Government holding RM12bil in unclaimed monies
One dead in fatal fight among foreign workers, four arrested
Mohd Azmawi Fikri to be sworn in as Nenggiri assemblyman Nov 21

Others Also Read